Find The Best Office Space For You South Florida Business
Whether you are a startup or an established business, there may come time for you to upgrade to a new office space. Many founders aren’t sure where to start or what to do when it comes to securing their first office space.
That’s where hiring a South Florida commercial real estate lawyer can prove to be helpful. An experienced attorney will not only help you negotiate a good deal but can also help you determine what type of space will work best for your business.
Below are some other tips for helping you find an office space:
#1 – Find out about the landlord
A difficult landlord can make your life a nightmare once you’ve signed your lease. With all the challenges that come with running a business, the last thing you want to deal with is landlord related headaches.
Talk with current tenants in the building to find out more about the landlord once you are seriously looking at a potential space. Find out if they are happy with their current situation and any issues that they may have been dealing with.
#2 – Negotiate the rent down
Everything is negotiable in commercial real estate, especially the rent for your office space. Most listings will start high with some price leeway.
You can typically negotiate the rent down anywhere from 5 to 20 percent or get your landlord to cover certain costs such as maintenance or utilities. It doesn’t hurt to ask.
#3 – Think about how much space you’ll need
It is helpful to plan out the amount of space that you’ll need in terms of square footage before you start searching. This will help you narrow down the listings and also avoid overspending on unnecessary space.
Typically, about 800-1,000 square feet is necessary for 4 to 6 employees to be comfortable. You might want to allocate more space for other features like file or storage rooms, mail rooms, a break room and more. This also depends on your budget of course and the needs of your business.
#4 – Don’t sign a lease without a professional review
Before you sign any lease, it’s always helpful to get the review of a commercial real estate lawyer in South Florida.
There are potential terms that may make you liable for repairs, renovations, damage or other costs beyond what is reasonable, or the lease may lack a viable early termination option, among other issues.
Mark Schecter at Schecter Law is a highly experienced attorney who can advise you on your next office lease. Call Schecter Law at (954)-779-7009 today with any questions you may have at all.